Hong Kong’s monetary authority raised its base rate for the eleventh time in 17 months, increasing the cost of funds by 25 basis points to near 16-year highs, following a similar hike by the US Federal Reserve.
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Hong Kong’s monetary authority raised its base rate for the eleventh time in 17 months, increasing the cost of funds by 25 basis points to near 16-year highs, following a similar hike by the US Federal Reserve.